Loan Payment 60-day Grace Period Advisory
In compliance with the Bayanihan to Recover as One Act (Bayanihan 2), all CBS auto, home, personal, salary, SME and SmallBiz loans in current status with amortizations falling due on or before December 31, 2020 are eligible for a 60-day grace period. Please be advised that additional accrued interest for the duration of the grace period will be charged, also as prescribed by the law.
NOTE: No additional accrued interest will be charged should you opt to pay your monthly amortizations on your original due dates.
We will advise you of further details when the final implementing guidelines are issued by the Bangko Sentral ng Pilipinas.
Thank you. Stay safe.
